DJ Alibaba Group Holding Ltd. ADR Rises Friday, Still Underperforms Market
This article was automatically generated by MarketWatch using technology from Automated Insights.
The Alibaba Group Holding Ltd. ADR $(BABA)$ inched 0.59% higher to $75.55 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 2.03% to 15,927.90 and the Dow Jones Industrial Average rising 0.40% to 38,239.66.
This was the ADR's seventh consecutive day of gains.
Alibaba Group Holding Ltd. ADR closed $26.95 short of its 52-week high ($102.50), which the company achieved on July 31st.
The ADR demonstrated a mixed performance when compared to some of its competitors Friday, as Beyond Inc. $(BYON)$ rose 1.27% to $21.49, Rakuten Group Inc. ADR (RKUNY) fell 0.63% to $4.73, and eBay Inc. $(EBAY)$ rose 1.32% to $52.02.
Trading volume (13.9 M) remained 219,252 below its 50-day average volume of 14.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 26, 2024.
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
April 26, 2024 17:26 ET (21:26 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Comments